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Acumen and the Lundin Foundation announce $1.5 million investment in Esoko Networks Limited
Acumen and the Lundin Foundation today announced a $1.5 million aggregate equity and debt investment in Esoko Networks Limited (“Esoko”), a Ghanaian-built technology platform that connects African farmers to markets via mobile phones.
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After Typhoon Haiyan, Opening a Door to Financial Inclusion: Mobile-based savings accounts are helping low-income Filipinos hardest hit
About 40 percent of Filipinos live on less than $2 a day. This poverty has been made all the more difficult following the typhoon that destroyed or damaged more than a million homes. Rather than handing out paper vouchers or physical cash, Mercy Corps partnered with the Philippines’ only purely mobile-based bank, BPI Globe BanKO (BanKO) on an electronic cash transfer program.
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- mobile finance
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OPINION: New Chinese investment fund aims to rival World Bank and ADB
If you can't beat them, outspend them. That seems to be the thinking behind a huge new infrastructure investment fund being promoted by China as an alternative to established international lending agencies.
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- Region
- Asia Pacific
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- infrastructure
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7 Things We’ve Learned About Impact Investing in 7 Years
Today, our new e-book, The Power of Impact Investing: Putting Markets to Work for Profit and Global Good, hit the digital shelves. This e-book has been in the making since 2007, when the term "impact investing" was first coined at a convening hosted by the Rockefeller Foundation at our Bellagio Conference Center. Seven years later, we are proud that impact investments are punching bigger than the weight of those two words, providing a vibrant and viable option for investors looking to generate both financial return and make social or environmental impact.
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PRESS RELEASE: Accion Venture Lab Invests in RevolutionCredit
Accion, a pioneer and leader in financial inclusion, today announced an investment in the financial capability and behavioral-credit insight company RevolutionCredit, through Accion Venture Lab, a $10 million initiative dedicated to providing seed capital and management support to financial inclusion start-ups.
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10-year-olds can open and operate a bank account alone, says Reserve Bank of India
Children older than 10 years will no longer need the help of their parents or guardians to open and operate a savings bank account. To boost financial inclusion, the Reserve Bank of India (RBI) on Tuesday said that banks were at liberty to allow minors above 10 years to independently open and operate savings bank accounts.
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Building New Social Franchises Brick By Brick
We live in a time of big enterprises and big entrepreneurs. Corporate types have managed to position themselves in such way that their influence over the world is as unsurmountable as their products are in the market. And franchises are among the tools that have created this boom. Still, how far can this strategy be taken? Could it be leveraged by social entrepreneurship programs? The answer is: absolutely yes.
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Housing for the base of the pyramid in Brazil: a future without slums
7 key themes and messages to generate innovative and holistic approaches to making slums in Brazil a thing of the past
- Categories
- Investing, Uncategorized
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